WILD GBPUSD

We have been in a longer term uptrend but this pullback that we have had has been rather vicious. I could anticipate a log of back and forth and choppy behavior and I would say that if we were to break below the bottom of the candlestick for the week that would almost send the pair towards 1.38400. If we were to break below 1.35000 it would almost send the pair towards 1.3200 which has offered support.

Key levels : 1.35000 1.37000, 1.38400